USDCAD faces solid resistance – Analysis - 26-02-2018
Economies.com
2018-02-26 05:21AM UTC
The USDCAD pair found difficulty to confirm breaching 1.2717 level, to rebound downwards clearly and test the key support base 1.2625, noticing that the EMA50 meets this level to add more strength to it, while stochastic reaches the oversold areas now.
Therefore, we believe that the chances are valid to resume the bullish trend in the upcoming sessions, noting that breaching 1.2717 will extend the bullish wave to reach 1.2923, while breaking 1.2625 will put the price under negative pressure that targets testing 1.2463 level initially.
Expected trading range for today is between 1.2660 support and 1.2717 resistance.
Expected trend for today: Bullish
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